Used car sales in Philippines to cross 4,50,000 units by 2026. Will Philippines continue the support for increased sale of used cars? Citizens refraining from using public transport in Philippines The pandemic year brought a drastic change in the preferences of people in terms of public transport. Although, the quality of public transport was already deteriorating forcing multiple people to opt for their personal cars, Covid-19 made owning a personal car unavoidable.Due to the social distancing protocols,… Read More »
The Used Car Industry in Philippines has generated a revenue of USD 75 Mn in the current year. Will Philippines continue this growth trajectory? Ken Research 1. 64.7% of the Filipino population is in the age bracket of 15 and 64 years old, thereby demanding more used car More trends and Developments Used Car Market Philippines As of 2021, ~64.7% of the Filipino population is in the age bracket of 15 and 64 years old. This states that a huge chunk… Read More »